{"id":39466,"date":"2022-02-16T06:54:07","date_gmt":"2022-02-16T05:54:07","guid":{"rendered":"https:\/\/www.coinpro.ch\/glossar\/exchange\/"},"modified":"2025-08-08T10:32:38","modified_gmt":"2025-08-08T08:32:38","slug":"exchange","status":"publish","type":"encyclopedia","link":"https:\/\/www.coinpro.ch\/en\/glossary\/exchange\/","title":{"rendered":"Exchange"},"content":{"rendered":"<p>The term \u201cExchange\u201d is the English translation for the word \u201cB\u00f6rse\u201d or \u201cAustausch\u201d. When we talk about an exchange, we are talking about a <a href=\"https:\/\/www.coinpro.ch\/?p=2994\">crypto exchange<\/a>. <\/p>\n<h2>What is an Exchange?<\/h2>\n<p>An exchange or a crypto exchange is a trading platform where users can buy and sell <a href=\"https:\/\/www.coinpro.ch\/en\/glossary\/cryptocurrency\/\">cryptocurrencies<\/a>. The users of an exchange always trade with other users of the exchange. The special thing is that the users do not come into direct contact with each other and thus remain anonymous from the other exchange participants. Instead, trading is carried out by placing buy and sell orders.   <\/p>\n<p>Nowadays there are different types of crypto exchanges. On the one hand, there are centralized crypto exchanges. With a centralized crypto exchange, the exchange can dispose of the users&#8217; accounts and thus also manage the <a href=\"https:\/\/www.coinpro.ch\/en\/glossary\/private-key\/\">private keys<\/a>. This is because many crypto exchanges offer their own <a href=\"https:\/\/www.coinpro.ch\/en\/glossary\/bitcoin-wallet\/\">wallets<\/a> that are integrated into the exchange. Anyone who stores their coins on a centralized exchange transfers responsibility for their own cryptocurrencies to the crypto exchange. Nowadays, there are therefore decentralized exchanges (<a href=\"https:\/\/www.coinpro.ch\/en\/glossary\/dex\/\">DEX<\/a>).     <\/p>\n<p>The best-known exchanges in German-speaking countries include <a href=\"https:\/\/www.coinpro.ch\/en\/insights-en\/bitvavo-the-dutch-edition-among-the-crypto-exchanges\/\">Bitvavo<\/a>, <a href=\"https:\/\/www.coinpro.ch\/en\/reviews-en\/bitpanda-review-experiences-how-good-is-the-crypto-platform\/\">Bitpanda<\/a>, <a href=\"https:\/\/www.coinpro.ch\/en\/reviews-en\/binance-test-experiences-2025-crypto-exchange-review\/\">Binance<\/a> and <a href=\"https:\/\/www.coinpro.ch\/en\/reviews-en\/coinbase-experiences-test-review-of-the-crypto-exchange\/\">Coinbase<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cExchange\u201d is the English translation for the word \u201cB\u00f6rse\u201d or \u201cAustausch\u201d. When we talk about an exchange, we are talking about a crypto&#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-39466","encyclopedia","type-encyclopedia","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is Exchange? - CoinPro.ch<\/title>\n<meta name=\"description\" content=\"Exchange: These are crypto exchanges where users can sell and buy cryptocurrencies. 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